Smith & Nephew PLC (SNN) Shares Gap Up to $32.70
Smith & Nephew PLC (NYSE:SNN)’s share price gapped up before the market opened on Friday . The stock had previously closed at $32.04, but opened at $32.70. Smith & Nephew PLC shares last traded at $33.48, with a volume of 242,145 shares changing hands.
SNN has been the topic of several recent research reports. Zacks Investment Research lowered shares of Smith & Nephew PLC from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th. Barclays PLC lowered shares of Smith & Nephew PLC from an “overweight” rating to an “equal weight” rating in a report on Wednesday, August 10th. Jefferies Group raised shares of Smith & Nephew PLC from a “hold” rating to a “buy” rating in a report on Monday, May 9th. Finally, Beaufort Securities reaffirmed a “hold” rating on shares of Smith & Nephew PLC in a report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $37.00.
The company has a market capitalization of $14.96 billion and a PE ratio of 42.15. The company has a 50 day moving average of $33.61 and a 200-day moving average of $33.57.
Smith & Nephew plc is a medical technology company. The Company is engaged in developing, manufacturing, marketing and selling medical devices and services. The Company offers various product franchises, which include Knee implants, Hip implants, Sports Medicine Joint Repair, Arthroscopy Enabling Technologies, Trauma and Extremities, Other Surgical Businesses, Advanced Wound Care, Advanced Wound Devices and Advanced Wound Bioactives.
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